American Riviera Bancorp, holding company of American Riviera Bank has announced unaudited net income of $12.4 million ($2.18 per share) for the year ended Dec. 31, 2025, compared to $8.7 million ($1.50 per share) earned in the same reporting period the previous year.
Unaudited net income was $4.5 million ($0.80 per share) for the three months ended Dec. 31, 2025, compared to $2.9 million ($0.51 per share) in the previous quarter, and $2 million ($0.35 per share) earned in the same reporting period in the previous year.
Total deposits were $1.20 billion at Dec. 31, 2025, an increase of $86.7 million or 7.8% from Dec. 31, 2024. At Dec. 31, 2025, all deposits were “core deposits” from our clients, with no wholesale-funded certificates of deposit the company said.
Total loans were $1.08 billion at Dec. 31, 2025, an increase of $91.8 million or 9.3% from Dec. 31, 2024. Total loans grew $39.9 million or 3.8% in the fourth quarter of 2025.
“In 2025, we achieved over $90 million of net loan growth and similar growth in deposits through onboarding new clients and expanding existing relationships,” said Jeff DeVine, president/CEO of the company and the bank.
“Earnings improved substantially, and our shareholders were rewarded with a 17.4% increase in tangible book value per share and a new high for ARBV share price,” he said.
“We have reinvested for growth and look forward to opportunities from our new lending center in Ventura County,” he said.
Fourth Quarter 2025 Highlights
* Unaudited net income and earnings per share have increased sequentially over the past four quarters and have improved 125.4% and 128.6%, respectively, from the fourth quarter of 2024.
Net income in the fourth quarter of 2025 included a $535,000 tax credit gain related to the purchase of a qualified energy.
Federal tax credit at a discount.
* Return on average assets was 1.27%, return on average equity was 14.48% and efficiency ratio was 64.05% for the fourth quarter of 2025, with sequential improvement in all of these ratios over the past four quarters. Return on average assets, adjusted to exclude the $535,000 tax credit gain, was 1.13% for the fourth quarter of 2025.
* Total shareholders’ equity was $127.7 million at Dec. 31, 2025, and increased $16.3 million or 14.6% from the same reporting period in the previous year.
* Tangible book value per share was $21.49 at Dec. 31, 2025, and increased $3.18 or 17.4% from the same reporting period in the previous year.
* The company’s tangible common equity ratio improved to 9.01% at Dec. 31, 2025, compared to 8.35% at Dec. 31, 2024. Strong earnings and improvements in the market value of the securities portfolio were partially offset by cumulative share repurchases totaling $2.6 million and the impact of 6.9% asset growth over the prior year.
* Non-interest-bearing demand deposits were $451.7 million or 37.6% of total deposits at Dec. 31, 2025, and have increased $20.7 million or 4.8% since Dec. 31, 2024.
* Total demand deposits were $620.1 million or 51.7% of total deposits at Dec. 31, 2025, and have increased $72.1 million or 13.2% since Dec. 31, 2024.
* As a result of the bank’s core funding and relationship-based deposits, the cost of deposits and total cost of funds declined to 1.29% and 1.41%, respectively, for the fourth quarter of 2025.
* Total cost of funds has improved by 22 basis points from the 1.63% reported for the same quarter in the prior year.